Conveying Equipment Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
The global conveying equipment market size is expected to reach USD 76.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.9% over the forecast period. The growth of this market can be attributed to the rising demand for highly efficient material handling systems in food & beverage, automotive, and warehouse and distribution industries. Conveying equipment is used as a goods carrier application in numerous industries including food and beverage, mining, automotive, airports, and electronics, among others. Conveyors can be designed to handle material of any shape and size. The major benefit offered by conveying equipment comprises low cost, higher productivity, and increased operational efficiency. The demand for warehouses is rising owing to the significant growth of e-commerce, supermarkets, and online retailers, which, in turn, projected to have a positive impact on the market over the forecast period. Furthermore, the expansion of airports and the development of new airports especially in the Asia Pacific and North America projected to drive the market during the forecast period.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/conveyingequipment-market Conveying Equipment Market Report Highlights
Belt conveyor segment dominated the market and accounted for 24.3% of the total demand in 2019 owing to increasing demand from numerous industries, including food & beverage, airport, mining, and e-commerce
The unit handling product segment is anticipated to advance at a CAGR of 3.1% over the forecast period owing to growing use in industries such as food & beverage processing, shipments, and manufacturing of automotive
Warehouse & distribution segment is anticipated to be the dominant end-use segment over the forecast period on account of significant growth of e-commerce, online retail, and supermarkets
Asia Pacific was the largest consumer of conveying equipment, accounting for over 30.6% of the total market revenue in 2019 owing to rising industrialization and infrastructural developments in emerging economies such as China, India, and South Korea
Presence of local players in the Asia Pacific region poses a substantial threat to the large multinational companies in terms of product quality and price offered to the customers
Conveying Equipment Market Segmentation Grand View Research has segmented the global conveying equipment market on the basis of type, product, end-use, and region: Conveying Equipment Type Outlook (Revenue, USD Million, 2016 - 2027) Belt
Roller
Pallet
Overhead
Chain conveyors
Others
Conveying Equipment Product Outlook (Revenue, USD Million, 2016 - 2027) Unit handling
Bulk handling
Parts & attachments
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Conveying Equipment End-use Outlook (Revenue, USD Million, 2016 - 2027) Food & Beverage
Warehouse & Distribution
Automotive
Airport
Mining
Electronics
Others
Conveying Equipment Regional Outlook (Revenue, USD Million, 2016 - 2027) North America
o
The U.S.
o
Canada
o
Mexico
Europe o
Germany
o
France
o
Italy
Asia Pacific o
China
o
India
o
Japan
Central & South America o
Brazil
o
Argentina
Middle East & Africa o
Saudi Arabia
o
UAE
List of Key Players of Conveying Equipment Market Daifuku Co., Ltd.
Beumer Group GmbH & Co., KG
Fenner Group Holdings Ltd
Fives Group
Flexlink, Intelligrated, Inc
Jungheinrich AG
Kardex Group
Kion Group AG
KUKA AG
Murata Machinery, Ltd
Phoenix Conveyor Belt System
Siemens AG
TGW Logistics Group GmbH
Continental
Emerson
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement
1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Market Variables, Trends, and Scope 3.1. Penetration & Growth Prospect Mapping 3.2. Industry Value Chain Analysis 3.2.1. Major Raw Material Trends Analysis 3.3. Regulatory Framework 3.4. Technology Framework 3.5. Conveying Equipment Market - Market Dynamics 3.5.1. Market Driver Analysis 3.5.2. Market Restraint Analysis 3.5.3. Industry Challenges Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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